Exxon Mobil Corp

XOM

Equity

ISIN null / Valor 808963

New York Stock Exchange, Inc (2025-11-21)

USD 117.08+0.05%

Exxon Mobil Corp
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About company

Exxon Mobil Corp is a leading global energy company engaged in the exploration, production, and distribution of oil, natural gas, and petroleum products. It operates through three primary business segments: upstream, downstream, and chemical. The upstream segment focuses on the exploration and production of crude oil and natural gas, while the downstream segment is involved in refining, marketing, and distributing petroleum products. The chemical segment produces and sells petrochemicals, including olefins, polyolefins, aromatics, and a variety of other chemical products. As one of the largest integrated fuels, lubricants, and chemical companies worldwide, ExxonMobil leverages its extensive portfolio of resources and global scale to deliver energy solutions that support modern life.

Summarized from source with an LLMView SourceSector: Energy

Earnings Performance

Exxon Mobil Corp achieved third-quarter earnings of $9.1 billion, or $2.25 per share, marking an increase of $1.19 billion compared to the second quarter of 2023. Year-over-year, earnings stood at $19.66 billion for 3Q23, reflecting a decline of $10.59 billion from 3Q22. The increase in quarterly earnings was driven by higher crude prices and record refinery throughput, partially offset by weaker chemical margins and unfavorable derivative impacts.

Cash Flow and Shareholder Returns

The company generated $16.0 billion in operating cash flow and $11.7 billion in free cash flow for the quarter, up by $6.6 billion and $6.7 billion respectively from the previous quarter. Exxon Mobil returned $8.1 billion to shareholders through dividends and share repurchases, with year-to-date share repurchases totaling $13.1 billion. Additionally, the fourth-quarter dividend was increased to $0.95 per share, continuing the company's 41-year streak of annual dividend increases.

Operational Highlights

Exxon Mobil delivered the highest third-quarter global refinery throughput since the 1999 merger with Mobil, achieving 4.2 million barrels per day. The company continued to strengthen its portfolio by divesting the Thailand refinery, generating $0.9 billion in cash proceeds for the quarter and $3.1 billion year-to-date from asset sales and divestments.

Strategic Transactions

The company announced an agreement to merge with Pioneer Natural Resources in a $59.5 billion all-stock transaction, aimed at increasing U.S. Permian production and accelerating Pioneer’s net-zero emissions goals. Additionally, Exxon Mobil entered into an agreement to acquire Denbury Inc., enhancing its carbon capture and storage capabilities with one of the largest CO2 pipeline networks in the United States.

Debt and Financial Position

Exxon Mobil maintained a strong financial position with a debt-to-capital ratio of 17% and a net-debt-to-capital ratio of 4%, supported by a cash balance of $33.0 billion at the end of the quarter. These metrics underscore the company's disciplined approach to managing leverage and maintaining financial flexibility.

Summarized from source with an LLMView Source

Key figures

-3.98%1Y

5.51%3Y

217%5Y

Performance

23.6%1Y

23.2%3Y

28.5%5Y

Volatility